Market Commentary

Daily reports from our Chief Economic Strategist.

TUESDAY WAS SIMILAR TO MONDAY
Bond yields rose again yesterday sending the widely owned tech shares lower. Bloomberg opines that if interest rates continue to
A BIFURCATED MARKET
Markets were bifurcated on the re nomination of Fed Chair Powell. It is widely assumed he will not alter the path of
THE STAY AT HOME TRADE RETURNED WITH A VENGEANCE
The proverbial stay at home companies advanced Friday as did the bond market as fears about another COVID lockdown again became
WILL TODAY’S OPTION EXPIRATION DAY BE OF SIGNIFICANCE?
Today is options expiration day. Will it be of significance? Have positions already been unwound? According to Susquehanna International Group as of
WILL THERE BE CHANGES IN BOND MARKET TRADING MECHANICS?
Are financial regulators finally acknowledging what every fixed income trader knows? Yesterday regulatory officials met to address recent
A RELATIVELY QUIET DAY
Long dated Treasury prices fell almost two points on speculation the Federal Reserve may have to speed up its reduction of asset purchases after the
A QUIET DAY
Trading was relatively quiet yesterday given that it was Veterans Day. Even though the Treasury market was closed, the narrative is
PPI RELEASED AT 8:30
To where are we going? Only history can answer this question but history can offer some precedence.
OCTOBER’S JOBS REPORT SURPRISED ON THE UPSIDE
October’s labor report surprised on the upside. Both non-farm and private sector payrolls exceeded expectations, average hourly met expectations as did
OCTOBER’S JOBS REPORT AT 8:30
The October Employment report is released at 8:30. Analysts are expecting a 450,000 and 420,000 increase in non-farm and private sector payrolls, respectively, a

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